Post Utme Afe Babalola University 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2018 Commerce Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has ₦100,000 in deposits, how much must it hold in reserve?

Answer Options

Correct Answer A. ₦10,000
B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Afe Babalola University 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.

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